Spain and Iran will launch joint petrochemical projects, CEO of the Spanish company AIRSEC S.A., Javier Lopez, said, IRNA reported.

Lopez, who attended Iran’s 21st International Oil, Gas, Refining, and Petrochemical Exhibition, added that the documents signed with Tehran were related to state projects.

He noted that AIRSEC’s plan is to establish more joint investments with Iranian companies to continue previous cooperation deals since 2002, according to the Trend News Agency. AIRSEC had contributed to Imam Khomeini port’s petrochemical project in Iran and the cooperation was mostly in selling spare parts.